Avantis Emerging Markets Equity ETF $AVEM Stock: Independence Bank of Kentucky Raises Holdings

Independence Bank of Kentucky lifted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 11.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,241 shares of the company’s stock after acquiring an additional 9,015 shares during the period. Avantis Emerging Markets Equity ETF makes up approximately 0.9% of Independence Bank of Kentucky’s portfolio, making the stock its 20th biggest position. Independence Bank of Kentucky’s holdings in Avantis Emerging Markets Equity ETF were worth $8,484,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AVEM. Baird Financial Group Inc. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 135.1% during the 2nd quarter. Baird Financial Group Inc. now owns 146,030 shares of the company’s stock worth $14,090,000 after buying an additional 83,919 shares in the last quarter. Cahill Financial Advisors Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 4.3% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 157,737 shares of the company’s stock valued at $15,220,000 after acquiring an additional 6,475 shares in the last quarter. Evanson Financial LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter valued at $940,000. HB Wealth Management LLC boosted its stake in Avantis Emerging Markets Equity ETF by 4.5% during the second quarter. HB Wealth Management LLC now owns 1,108,268 shares of the company’s stock worth $106,937,000 after acquiring an additional 47,729 shares in the last quarter. Finally, Capital Analysts LLC boosted its stake in Avantis Emerging Markets Equity ETF by 8.4% during the second quarter. Capital Analysts LLC now owns 205,091 shares of the company’s stock worth $19,789,000 after acquiring an additional 15,821 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 1.3%

NYSEARCA:AVEM opened at $88.19 on Wednesday. Avantis Emerging Markets Equity ETF has a 12 month low of $73.79 and a 12 month high of $100.83. The stock has a market capitalization of $27.09 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. The firm has a fifty day simple moving average of $93.39 and a two-hundred day simple moving average of $89.89.

Avantis Emerging Markets Equity ETF Profile

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.